XML 56 R36.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2017
Segment Reporting [Abstract] |
Segment Information | Segment Information The Corporation is a financial holding company headquartered in Newark, Ohio. The operating segments for the Corporation are its chartered national bank subsidiary, PNB (headquartered in Newark, Ohio), SEPH and GFSC. GAAP requires management to disclose information about the different types of business activities in which a company engages and also information on the different economic environments in which a company operates, so that the users of the financial statements can better understand a company’s performance, better understand the potential for future cash flows, and make more informed judgments about the company as a whole. Park’s current operating segments are in line with GAAP as: (i) discrete financial information is available for each operating segment and (ii) the segments are aligned with internal reporting to Park’s Chief Executive Officer and President, who is the chief operating decision-maker.
Operating results for the year ended December 31, 2017 (In thousands)
|  | PNB |  |  | GFSC |  | SEPH |  | All Other |  | Total
Net interest income |  | $ | 235,243 |  |  |  | $ | 5,839 |  |  | $ | 2,089 |  |  | $ | 588 |  |  | $ | 243,759 |
Provision for (recovery of) loan losses |  | 9,898 |  |  |  | 1,917 |  |  | (3,258 | ) |  | — |  |  | 8,557 |
Other income |  | 77,126 |  |  |  | 40 |  |  | 404 |  |  | 3,065 |  |  | 80,635 |
Other expense |  | 180,275 |  |  |  | 3,036 |  |  | 5,252 |  |  | 8,805 |  |  | 197,368 |
Income (loss) before taxes |  | 122,196 |  |  |  | 926 |  |  | 499 |  |  | (5,152 | ) |  | 118,469 |
Income taxes (benefit) |  | 34,881 |  |  |  | 666 |  |  | 1,375 |  |  | (2,695 | ) |  | 34,227 |
Net income (loss) |  | $ | 87,315 |  |  |  | $ | 260 |  |  | $ | (876 | ) |  | $ | (2,457 | ) |  | $ | 84,242 |
Balances at December 31, 2017
Assets |  | $ | 7,467,851 |  |  |  | $ | 32,077 |  |  | $ | 24,902 |  |  | $ | 12,790 |  |  | $ | 7,537,620 |
Loans |  | 5,339,255 |  |  |  | 33,385 |  |  | 10,891 |  |  | (11,048 | ) |  | 5,372,483 |
Deposits |  | 5,896,676 |  |  |  | 3,449 |  |  | — |  |  | (82,799 | ) |  | 5,817,326 |
Operating results for the year ended December 31, 2016 (In thousands)
|  | PNB |  |  | GFSC |  | SEPH |  | All Other |  | Total
Net interest income (loss) |  | $ | 227,576 |  |  |  | $ | 5,874 |  |  | $ | 4,774 |  |  | $ | (138 | ) |  | $ | 238,086 |
Provision for (recovery of) loan losses |  | 2,611 |  |  |  | 1,887 |  |  | (9,599 | ) |  | — |  |  | (5,101 | )
Other income (loss) |  | 74,803 |  |  |  | (1 | ) |  | 2,974 |  |  | 955 |  |  | 78,731 |
Other expense |  | 177,562 |  |  |  | 4,457 |  |  | 7,273 |  |  | 9,731 |  |  | 199,023 |
Income (loss) before taxes |  | 122,206 |  |  |  | (471 | ) |  | 10,074 |  |  | (8,914 | ) |  | 122,895 |
Income taxes (benefit) |  | 37,755 |  |  |  | (164 | ) |  | 3,526 |  |  | (4,357 | ) |  | 36,760 |
Net income (loss) |  | $ | 84,451 |  |  |  | $ | (307 | ) |  | $ | 6,548 |  |  | $ | (4,557 | ) |  | $ | 86,135 |
Balances at December 31, 2016
Assets |  | $ | 7,389,538 |  |  |  | $ | 32,268 |  |  | $ | 25,342 |  |  | $ | 20,438 |  |  | $ | 7,467,586 |
Loans |  | 5,234,828 |  |  |  | 32,661 |  |  | 12,354 |  |  | (7,986 | ) |  | 5,271,857 |
Deposits |  | 5,630,199 |  |  |  | 3,809 |  |  | — |  |  | (112,052 | ) |  | 5,521,956 |
Operating results for the year ended December 31, 2015 (In thousands)
|  | PNB |  |  | GFSC |  | SEPH |  | All Other |  | Total
Net interest income (loss) |  | $ | 220,879 |  |  |  | $ | 6,588 |  |  | $ | (74 | ) |  | $ | 239 |  |  | $ | 227,632 |
Provision for (recovery of) loan losses |  | 7,665 |  |  |  | 1,415 |  |  | (4,090 | ) |  | — |  |  | 4,990 |
Other income |  | 75,188 |  |  |  | 2 |  |  | 1,848 |  |  | 513 |  |  | 77,551 |
Other expense |  | 167,476 |  |  |  | 2,984 |  |  | 6,182 |  |  | 9,972 |  |  | 186,614 |
Income (loss) before taxes |  | 120,926 |  |  |  | 2,191 |  |  | (318 | ) |  | (9,220 | ) |  | 113,579 |
Income taxes (benefit) |  | 36,581 |  |  |  | 768 |  |  | (111 | ) |  | (4,671 | ) |  | 32,567 |
Net income (loss) |  | $ | 84,345 |  |  |  | $ | 1,423 |  |  | $ | (207 | ) |  | $ | (4,549 | ) |  | $ | 81,012 |
Balances at December 31, 2015 |  |  |  |  |  |  |  |  |  |  |
Assets |  | $ | 7,229,764 |  |  |  | $ | 35,793 |  |  | $ | 33,541 |  |  | $ | 12,256 |  |  | $ | 7,311,354 |
Loans |  | 5,029,072 |  |  |  | 35,469 |  |  | 15,153 |  |  | (11,609 | ) |  | 5,068,085 |
Deposits |  | 5,447,293 |  |  |  | 4,627 |  |  | — |  |  | (104,278 | ) |  | 5,347,642 |
The following is a reconciliation of financial information for the reportable segments to the Corporation’s consolidated totals:
|  | 2017
(In thousands) |  | Net Interest Income |  | Depreciation Expense |  | Other Expense |  | Income Taxes |  | Assets |  | Deposits
Totals for reportable segments |  | $ | 243,171 |  |  | $ | 8,644 |  |  | $ | 179,919 |  |  | $ | 36,922 |  |  | $ | 7,524,830 |  |  | $ | 5,900,125 |
Elimination of intersegment items |  | 1,500 |  |  | — |  |  | — |  |  | — |  |  | (14,679 | ) |  | (82,799 | )
Parent Co. totals - not eliminated |  | (912 | ) |  | — |  |  | 8,805 |  |  | (2,695 | ) |  | 27,469 |  |  | — |
Totals |  | $ | 243,759 |  |  | $ | 8,644 |  |  | $ | 188,724 |  |  | $ | 34,227 |  |  | $ | 7,537,620 |  |  | $ | 5,817,326 |
|  | 2016
(In thousands) |  | Net Interest Income |  | Depreciation Expense |  | Other Expense |  | Income Taxes |  | Assets |  | Deposits
Totals for reportable segments |  | $ | 238,224 |  |  | $ | 8,396 |  |  | $ | 180,896 |  |  | $ | 41,117 |  |  | $ | 7,447,148 |  |  | $ | 5,634,008 |
Elimination of intersegment items |  | 2,164 |  |  | — |  |  | — |  |  | — |  |  | (9,204 | ) |  | (112,052 | )
Parent Co. totals - not eliminated |  | (2,302 | ) |  | — |  |  | 9,731 |  |  | (4,357 | ) |  | 29,642 |  |  | — |
Totals |  | $ | 238,086 |  |  | $ | 8,396 |  |  | $ | 190,627 |  |  | $ | 36,760 |  |  | $ | 7,467,586 |  |  | $ | 5,521,956 |
|  | 2015
(In thousands) |  | Net Interest Income |  | Depreciation Expense |  | Other Expense |  | Income Taxes |  | Assets |  | Deposits
Totals for reportable segments |  | $ | 227,393 |  |  | $ | 7,347 |  |  | $ | 169,295 |  |  | $ | 37,238 |  |  | $ | 7,299,098 |  |  | $ | 5,451,920 |
Elimination of intersegment items |  | 2,561 |  |  | — |  |  | — |  |  | — |  |  | (13,557 | ) |  | (104,278 | )
Parent Co. totals - not eliminated |  | (2,322 | ) |  | — |  |  | 9,972 |  |  | (4,671 | ) |  | 25,813 |  |  | — |
Totals |  | $ | 227,632 |  |  | $ | 7,347 |  |  | $ | 179,267 |  |  | $ | 32,567 |  |  | $ | 7,311,354 |  |  | $ | 5,347,642 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration